Flexsteel Reports Strong Financial Results
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Flexsteel Industries (FLXS) Pressured Following Q4 Results, Outlook
August 19, 2015 10:05 AM EDTFlexsteel Industries (NASDAQ: FLXS) shares are slumping about 12 percent Wednesday after it reported Q4 EPS of $0.74, versus $0.74 reported last year. Revenue for the quarter came in at $121.3 million, versus $111.1 million reported last year.
Outlook
Due to existing strong order backlog and positive order trends the Company expects top line growth will continue in fiscal year 2016. Residential growth is expected from existing customers and products,... More
